The 16 safest banks in the world

Europe’s economy is still sluggish while China’s market volatility continues. Greece has a cash shortage while Argentina carries a hefty debt burden.

It seems as if no bank is safe.

But the best place to store capital right now is in Europe, according to an annual report conducted by Global Finance.

“There have been some big changes in the Safest Banks ranking for 2015 — reflecting the volatile markets within which many banks are now operating,” said the publisher and editorial director of the publication, Joseph D. Giarraputo.

The finance magazine determined the annual rankings by studying “long-term foreign currency ratings” from Fitch, S&P, and Moody’s as of Aug. 2015. And it created a list dominated by European banks.

Germany boasts the most banks on the list, with seven. Three American banks also made it to the top 50 — the highest being AgriBank, at 30th place.

The full report will be published in Global Finance’s November issue.

Scroll down to see the list in ascending order.

Click the link to Global Financial for a full list of the 50 safest banks of 2015.

[slideshow]
[slide
permalink=”/#15-banque-cantonale-vaudoise-2″
title=”15. Banque Cantonale Vaudoise”
content=”Country: Switzerland

Assets: CHF42.1 billion, or US$43.4 billion

Fitch: N/R

Moody’s: Aa2

S&P: AA”
image=”http://static.businessinsider.com/image/55f32c1abd86ef1b008b9d25″
source=”Wikimedia Commons”
caption=””
credit_href=””
]
[slide
permalink=”/#14-socit-de-financement-locale-sfil-3″
title=”14. Société de Financement Locale (SFIL)”
content=”Country: France

Assets: €88 billion, or US$99.76 billion

Fitch: AA-

Moody’s: Aa2

S&P: N/R”
image=”http://static.businessinsider.com/image/55f32cfd9dd7cc21008b9d62″
source=”SFIL”
caption=””
credit_href=””
]
[slide
permalink=”/#13-united-overseas-bank-4″
title=”13. United Overseas Bank”
content=”Country: Singapore

Assets: S$306.7 billion, or US$217.1 billion

Fitch: AA-

Moody’s: Aa1

S&P: AA-“
image=”http://static.businessinsider.com/image/55f3300cbd86ef1e008b9cf4″
source=”Flickr/alex.ch”
caption=”United Overseas Bank”
credit_href=””
]
[slide
permalink=”/#12-oversea-chinese-banking-corp-5″
title=”12. Oversea-Chinese Banking Corp”
content=”Country: Singapore

Assets: S$401.2 billion (Morningstar) or US$284.1 billion

Fitch: AA-

Moody’s: Aa1

S&P: AA-“
image=”http://static.businessinsider.com/image/55f3309bbd86ef17008b9d27″
source=”Jubei Kibagami/Wikimedia Commons”
caption=””
credit_href=””
]
[slide
permalink=”/#11-dbs-bank-6″
title=”11. DBS Bank”
content=”Country: Singapore

Assets: S$440 billion, or US$311.6 billion

Fitch: AA-

Moody’s: Aa1

S&P: AA-“
image=”http://static.businessinsider.com/image/55f331229dd7cc23008b9d54″
source=”Wikimedia Commons”
caption=”Marina Bay Financial Centre, where DBS is headquartered from.”
credit_href=””
]
[slide
permalink=”/#10-td-bank-group-7″
title=”10. TD Bank Group”
content=”Country: Canada

Assets:C$1.080.2 trillion, or US$814.5 billion

Fitch: AA-

Moody’s: Aa1

S&P: AA-“
image=”http://static.businessinsider.com/image/55f331cfbd86ef0f008b9d11″
source=”Wikimedia Commons”
caption=”TD Bank Group’s pride group.”
credit_href=””
]
[slide
permalink=”/#9-banque-et-caisse-depargne-de-letat-8″
title=”9. Banque et Caisse d’Epargne de l’Etat”
content=”Country: Luxembourg

Assets: €41.16 billion, or US$46.66 billion

Fitch: N/R

Moody’s: Aa2

S&P: AA+”
image=”http://static.businessinsider.com/image/55f332c6bd86ef1a008b9d04″
source=”Wikimedia Commons.”
caption=”Banque et Caisse d’Epargne de l’Etat”
credit_href=””
]
[slide
permalink=”/#8-caisse-des-dpts-et-consignations-9″
title=”8. Caisse des Dépôts et Consignations”
content=”Country: France

Assets: €143 billion, US$162.1 billion

Fitch: AA

Moody’s: Aa1

S&P: AA”
image=”http://static.businessinsider.com/image/55f3322bbd86ef1a008b9cfb”
source=”Flickr/Elliott Brown”
caption=”Caisse des Dépôts et Consignations”
credit_href=””
]
[slide
permalink=”/#7-nrwbank-10″
title=”7. NRW.BANK”
content=”Country: Germany

Assets: €143.8 billion or US$163 billion

Fitch: AAA

Moody’s: Aa1

S&P: AA-“
image=”http://static.businessinsider.com/image/55f3333dbd86ef1b008b9d69″
source=”Wikimedia Commons”
caption=”NRW.Bank in Munster.”
credit_href=””
]
[slide
permalink=”/#6-nederlandse-waterschapsbank-11″
title=”6. Nederlandse Waterschapsbank”
content=”Country: Netherlands

Assets: €88.25 billions or US$100 billion

Fitch: N/R

Moody’s: Aaa

S&P: AA+”
image=”http://static.businessinsider.com/image/55f3331fbd86ef20008b9d74″
source=”NWB”
caption=”NWB Bank.”
credit_href=””
]
[slide
permalink=”/#5-bank-nederlandse-gemeenten-12″
title=”5. Bank Nederlandse Gemeenten”
content=”Country: Netherlands

Assets: €140.2 billion or US$158.95 billion

Fitch: AA+

Moody’s: Aaa

S&P: AA+”
image=”http://static.businessinsider.com/image/55f33413bd86ef18008b9d7d”
source=”Bank Nederlandse Gemeenten”
caption=””
credit_href=””
]
[slide
permalink=”/#4-l-bank-13″
title=”4. L-Bank”
content=”Country: Germany

Assets:

Fitch: AAA

Moody’s: Aaa

S&P: AAA”
image=”http://static.businessinsider.com/image/55f335bc9dd7cc19008b9e21″
source=”L-Bank”
caption=”The L-Bank.”
credit_href=””
]
[slide
permalink=”/#3-landwirtschaftliche-rentenbank-14″
title=”3. Landwirtschaftliche Rentenbank”
content=”Country: Germany

Assets: €80.1 billion or US$90.8 billion

Fitch: AAA

Moody’s: Aaa

S&P: AAA”
image=”http://static.businessinsider.com/image/55f335cb9dd7cc11008b9ddb”
source=”Rentenbank”
caption=””
credit_href=””
]
[slide
permalink=”/#2-zrcher-kantonalbank-15″
title=”2. Zürcher Kantonalbank”
content=”Country: Switzerland

Assets: CHF158 billion, or US$163.04 billion

Fitch: AAA

Moody’s: Aaa

S&P: AAA”
image=”http://static.businessinsider.com/image/55f3365abd86ef15008b9c32″
source=”Zürcher Kantonalbank”
caption=”Martin Scholl, Zürcher Kantonalbank’s CEO.”
credit_href=””
]
[/slideshow]